And a gas leak at a chemical factory in india leaves at least 11 dead and hundreds in the last little. Under the devastating Financial Impact of the corona virus pandemic continues to unfold as governments across the world struggle to restart their halted economies a staggering 3200000 more people have filed for unemployment in the us that means 33 and a half 1000000 or one in 5 workers have lost their jobs since mid march when the corona Virus Outbreak forced many businesses to close their doors here in the u. K. The bank of england warns that the economy could shrink 14 percent by the end of 2020 the worst slump in more than 300 years but it says the economy could bounce back by 2021 if the pandemic is brought under control its a slightly better picture in china though exports unexpectedly rose by 3 and a half percent in april partly driven by sales of medical equipment but analysts warn a 14. 2 percent fall in imports signals more trouble ahead of the Global Economy sinks into reces
Symptoms of an unidentified at the time respiratory disease and increasing numbers. We now know, that the virus has covid19 and as completely appended our way of life in the globe. This virus has infected over 3. 5 Million People around the world and killed tragically over 60000 people in the United States and that includes over 900 incredible and great coloradans, my home state. We certainly mourn those families who have lost loved ones and we will keep fighting for a path forward we get through this together. That is my command and strongest terms asur possible, our ,rontline workers weathers been First Responders, Healthcare Professionals or those who have allowed us to continue to enjoy a safe and secure food supply. The people in essential businesses each everyday dont complain but that of work to help make sure that our communities can give back to work. Enlisted heroes in our communities, those who have given so much goes on and on and on. I think it is important to recognize th
Commitment to bringing you live gavel to gavel coverage of the u. S. Senate. You can continue watching this hearing online at cspan. Org. And now live to the floor of the u. S. Senate here on cspan2. The president pro tempore the senate will come to order. The chaplain, dr. Black, will lead the senate in prayer. The chaplain let us pray. Eternal god, we continue to depend on you to fulfill your purposes for our lives. You have told us that your purpose for us is that we live for your glory. As our lawmakers strive to do your will, bringing honor to your name, have your way in all they say and do. Send them your help from celestial portals, so that they will please you and be your ambassadors during these challenging times. Rescue them from anything that will keep them from remembering that nothing is impossible for you. Be exalted, o god, above the highest heavens. Let your glory shine in our nation and world. We pray in your loving name. Amen. The president pro tempore please join me
Hours in the Oval Office Last night. The gop plan proposing 1 3 of the 1. 9 trillion democrats are looking for. It was a very Good Exchange of views. I wouldnt say we came together on a package tonight. No one expected that in a twohour meeting, but what we did agree to do is to follow up and talk further. The devil of course is in the details. Theres plenty of kidisagreemen in the dollars in the plan. Its unclear how much republicans are willing to go up and biden willing to go down but a Top White House aide suggests not much. Everything here is to help people stop suffering from the pandemic. This will lift 4 million kids out of poverty this year. We are more than willing to keep engaging, but at the end of the day what the president and Vice President wont do is compromise their values or let the American People down. Democratic leaders in the house and senate have taken the first steps towards reconciliation, a Budget Maneuver that would allow the Biden Relief Act to pass with a s
President. That was then. A lot of people think it is fundamentally different this time. All of this is really catalyst, via a virus. But again, one of the interesting things im also following is that we still have negative Interest Rates at the very, very front of the socalled yield curve. One month and threemonth bills are still in negative territory right now with the one month bill at negative. 117 , the three month bill at negative 0. 348 . I hate to add that. That is actually good news. People dont look at a prospect of negative rates as good news but what it means technically, when you give the bank your money, you have to pay them for a privilege. A lot of people look at that, say, what the i will take my chances in the stock market. At least with conservative investments and dividend yields north of 3 i could do better almost doing nothing. That is the view. It benefits stocks. The fact we think were over the worst of the potential Economic Impact of this. That might be premat